Strong Balance SheetVery low leverage and a high equity ratio provide durable financial flexibility. This reduces refinancing risk, supports continued investment in game development and operations during downturns, and gives the company capacity to absorb shocks without stressing liquidity or issuing debt.

Positive Free Cash FlowFree cash flow turning positive signals improving cash generation from core operations. Sustained FCF enables self-funding of titles, dividends or buybacks, and reduces reliance on external financing — a durable improvement that strengthens strategic optionality.

Improving Profitability MarginsRising gross and net margins point to stronger unit economics and better cost control. Higher margins cushion earnings against revenue volatility common in gaming, support reinvestment in content, and improve the sustainability of profits over multi-quarter cycles.

Bears Say

Revenue ContractionA multi-year revenue decline reduces scale advantages and can impair ability to fund high fixed-cost game development and marketing. Persistent top-line erosion pressures long-term growth prospects and raises the hurdle for margin and profit expansion despite cost discipline.

Inconsistent Operating Cash FlowInconsistency between reported earnings and operating cash flow suggests earnings quality variability tied to timing or one-offs. That raises risk for funding cadence of game launches and dividends, making strategic planning and capex allocation less predictable.

Margin And ROE VolatilityVolatile operating margins alongside a declining ROE indicate uneven operational performance and limited shareholder returns. If margins swing with hit-driven revenue, sustained improvement in profitability and ROE may be difficult without stabilizing revenue streams.

3932 FAQ

What was Akatsuki, Inc.’s price range in the past 12 months?

Akatsuki, Inc. lowest stock price was ¥2480.00 and its highest was ¥3535.00 in the past 12 months.

What is Akatsuki, Inc.’s market cap?

Akatsuki, Inc.’s market cap is ¥41.44B.

When is Akatsuki, Inc.’s upcoming earnings report date?

Akatsuki, Inc.’s upcoming earnings report date is May 07, 2026 which is in 77 days.

How were Akatsuki, Inc.’s earnings last quarter?

Akatsuki, Inc. released its earnings results on Feb 09, 2026. The company reported ¥69.55 earnings per share for the quarter, beating the consensus estimate of N/A by ¥69.55.

Is Akatsuki, Inc. overvalued?

According to Wall Street analysts Akatsuki, Inc.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Akatsuki, Inc. pay dividends?

Akatsuki, Inc. pays a Semiannually dividend of ¥55 which represents an annual dividend yield of 4.06%. See more information on Akatsuki, Inc. dividends here

What is Akatsuki, Inc.’s EPS estimate?

Akatsuki, Inc.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Akatsuki, Inc. have?

Akatsuki, Inc. has 14,519,800 shares outstanding.

What happened to Akatsuki, Inc.’s price movement after its last earnings report?

Akatsuki, Inc. reported an EPS of ¥69.55 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 1.159%.

Which hedge fund is a major shareholder of Akatsuki, Inc.?

Currently, no hedge funds are holding shares in JP:3932

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Akatsuki, Inc.

Akatsuki Inc. engages in the mobile game and live experience businesses primarily in Japan. It develops mobiles games. The company also operates Asobuild, an entertainment facility service site; Pong!Pong!, a ping pong table activity and projection mapping service site; Sotoasobi, a service site to provide reservations for outdoor and leisure activities; and Daigomi, a Cheese restaurants. In addition, it provides Crayon, an app development support services to artists, creators, and athletes; a media franchise project of both music and audio drama CDs on themes of Jazz; and operates Kumarba Channel, an education and entertainment channel distributed through YouTube platform. The company was founded in 2010 and is headquartered in Tokyo, Japan.